Bank of Montreal 1998 Annual Report Download - page 68

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60
BANK OF MONTREAL GROUP OF COMPANIES
TABLE 9 NET LOANS AND ACCEPTANCES – SEGMENTED INFORMATION ($ millions)
Canada (a) United States (a) Mexico (a)
As at October 31 1998 19 9 7 19 9 6 19 9 5 19 9 4 199 8 19 97 19 9 6 19 9 5 19 9 4 199 8 19 9 7 19 9 6 19 9 5 19 9 4
Individuals
Residential mortgages (b) 29,823 30,995 26,539 23,412 21,588 3,502 2,594 1,926 1,490 1,118 00000
Cards 783 877 2,528 2,357 2,133 14 1,035 1,314 1,482 1,128 00000
Personal Loans 12,988 12,007 10,739 10,365 9,763 3,098 2,664 2,058 1,388 1,228 00000
Total loans to individuals 43,594 43,879 39,806 36,134 33,484 6,614 6,293 5,298 4,360 3,474 00000
Commercial, corporate
and institutional
Diversified commercial 27,097 26,152 23,326 23,657 23,095 28,683 23,497 19,075 17,132 16,405 749 433 485 430 489
Securities purchased under
resale agreements 6,350 7,679 6,960 4,772 5,265 13,715 10,721 7,121 5,733 9,307 00000
Total commercial, corporate
and institutional 33,447 33,831 30,286 28,429 28,360 42,398 34,218 26,196 22,865 25,712 749 433 485 430 489
General allowance (735) (625) (425) (275) (150) (150) (150) (50) (50) (50) 00000
Designated lesser-developed
countries (LDC) 000000000000000
Total net loans
and acceptances 76,306 77,085 69,667 64,288 61,694 48,862 40,361 31,444 27,175 29,136 749 433 485 430 489
TABLE 10 ALLOWANCE FOR CREDIT LOSSES – SEGMENTED INFORMATION ($ millions except as noted)
Canada (a) United States (a) Mexico (a)
As at October 31 1998 19 9 7 19 9 6 19 9 5 19 9 4 199 8 19 97 19 9 6 19 9 5 19 9 4 199 8 19 9 7 19 9 6 19 9 5 19 9 4
Allowance for credit losses
(ACL), beginning of year 895 737 590 653 843 246 290 298 359 483 00000
Provision for credit losses 77 330 156 171 276 38 (55) 69 104 238 00000
Transfer of allowance (17) 0150000000000000
Recoveries 29 43 15 15 18 35 115 88 37 56 00000
Write-offs (e) (116) (216) (174) (255) (488) (76) (118) (170) (195) (456) 00000
Other, including
foreign exchange 0106425 14 5 (7) 38 00000
ACL, end of year 868 895 737 590 653 268 246 290 298 359 00000
Allocation of Write-offs by Market
Individuals (60) (106) (90) (74) (74) (33) (96) (60) (50) (45) 00000
Commercial, corporate
and institutional (56) (110) (84) (181) (414) (43) (22) (110) (145) (411) 00000
Designated lesser-developed
countries (LDC) 000000000000000
Allocation of Recoveries by Market
Individuals 16 11 15 17 22 710 11 14 14 00000
Commercial, corporate
and institutional 13 32 0 (2) (4) 28 105 77 23 42 00000
Designated LDC 000000000000000
Net write-offs as a % of
average loans and acceptances
SUPPLEMENTAL INFORMATION
(a) Geographic location is based on the ultimate risk of the underlying asset.
Provincial location is based on the booking location and/or customer residency.
(b) Excludes residential mortgages classified as commercial corporate loans
(1998 – $2.5 billion, 1997 – $2.0 billion, 1996 – $1.6 billion, 1995 – $1.5 billion,
1994 – $1.5 billion).
(c) No provision for securities purchased under resale agreements.
(d) Excludes the general allowance.
(e) Write-offs on designated lesser-developed countries include losses on sales of
performing assets that were charged directly against the allowance (1998 – $0,
1997 – $3 million, 1996 – $109 million, 1995 – $115 million, 1994 – $0).